Minister for Industries and Commerce, KT Rama Rao has inaugurated the first phase of the stent manufacturing unit of Sahajanand Medical Technologies (SMT) in Hyderabad and said it will boost
The minister congratulated SMT on the inauguration and said, “Today’s inauguration of SMT’s state-of-the-art stent manufacturing and cardiac devices facility is a step towards making available high quality, indigenously made, affordable healthcare products that will be made from the state of Telangana for a global populace. I am also happy to learn that this facility when fully operational will create direct employment of over 2,000 people, besides indirect employment throughout the value chain.”
This state-of-the-art manufacturing campus will also house SMT’s R&D centre, which will be focused on developing advanced medical products in interventional, structural, endovascular and closure products in the niche domain of cardiology. The manufacturing unit will be instrumental in generating employment opportunities for close to 2000 people in the state.
On this, the minister said, “The global R&D centre will employ over 300 highly qualified scientists. The facility will give a significant boost to ‘Make in India’ stent manufacturing and reduce India’s dependency on foreign stents which are imported with heavy duties.”
Discussion about this post